ARCO Deploys SilverStream's Application Server for Global, Enterprise-wide Procurement Intranet.BURLINGTON, Mass.--(BUSINESS WIRE)--Sept. 28, 1999-- SilverStream Software, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SSSW) today announced that ARCO ar·co adv. & adj. Music With a bow. Used chiefly as a direction to indicate the resumption of bowing after a pizzicato passage. Adj. 1. , a $10.8 billion energy company involved in all aspects of oil and gas exploration, production, refining, and marketing, has developed and deployed a global procurement intranet application using SilverStream's award-winning Application Server. The ARCO Global Procurement (AGP (Accelerated Graphics Port) A high-speed 32-bit port from Intel for attaching a display adapter to a PC. It provides a direct connection between the card and memory, and only one AGP slot is on the motherboard. ) Web site application is available to ARCO clients worldwide via the ARCO intranet and enables the company to better track expenditures and manage contracts, while significantly reducing procurement costs. Driving the intranet implementation was ARCO's need to track spending at the corporate business unit level, and share contract information between its disparate facilities around the world. Prior to implementation, spending information was difficult to obtain due to multiple accounting systems with no standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting of data between the various systems, making analysis of purchasing patterns extremely challenging and time consuming. Using the SilverStream Application Server, the application was deployed in February 1999 and has become the primary communications tool for ARCO Global Procurement. The AGP Web site supports approximately 500 users overall. Data is downloaded quarterly from corporate databases, consisting of a variety of Oracle and DB2-based accounts payable applications. The key feature of the intranet application is the ability to report on spending at the corporate level with drill down features to examine individual operating company operating company A business that engages in transactions with outsiders. data and individual payee The person who is to receive the stated amount of money on a check, bill, or note. payee n. the one named on a check or promissory note to receive payment. PAYEE. The person in whose favor a bill of exchange is made payable. information. In addition, summaries of corporate-wide deals are available, as well as Dun and Bradstreet information used to standardize its supplier data. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dale Peterson, project manager, ARCO, "The SilverStream Application Server allowed us to quickly deploy applications and information across the enterprise, enabling employees to easily access data and share information from anywhere in the enterprise. Being able to track spending, for use in negotiating with suppliers, and being able to monitor compliance with our agreements, has already resulted in significant cost savings for ARCO." SilverStream Meets Architectural and Applications Requirements In order to facilitate speed of development and ease of maintenance, ARCO required a fully integrated solution. The SilverStream Application Server provided the functionality to allow the application to be deployed on ARCO's global intranet, easily accessible through each user's Netscape or Internet Explorer Microsoft's Web browser, which comes with Windows starting with Windows 98. Commonly called "IE," versions for Mac and Unix are also available. Internet Explorer is the most widely used Web browser on the market. It has also been the browser engine in AOL's Internet access software. browser. The SilverStream Application Server's development tools also enabled the company to quickly integrate the new intranet application with its existing systems. "SilverStream provides a complete enterprise-quality development suite, reducing the time we spent integrating different products and allowing us to quickly implement the application. The SilverStream development environment allows for fast design and delivery of applications," said Jodi Denning, Technical Project Leader, ARCO. "The visual designers simplified the development and excellent support was given to our project team. As a result, we were able to come in well under budget." The SilverStream Application Server also factors into future plans for creating increased functionality on the AGP Web site - including a knowledge management function that intends to allow users to access and search information based on specific criteria. Plans for new applications also include building increased text searching capabilities that will perform a full-text search A search that compares every word in a document, as opposed to searching an abstract or a set of keywords associated with the document. Word processors and text editors contain full-text search functions that let you find a word or phrase anywhere in the document. and include document content (Word, Excel, etc.) stored in a document repository. "ARCO's use of the SilverStream Application Server demonstrates the product's versatility and ability to leverage the power of corporate intranets to streamline business processes and save costs across the enterprise," said David Skok, chairman and founder, SilverStream Software, Inc. About SilverStream SilverStream Software, Inc. is the pioneering developer of the SilverStream Application Server, one of the industry's most comprehensive enterprise application servers. SilverStream empowers users to build and deploy standards-based Web applications for the Enterprise. Users can design secure, enterprise-level, three-tier Intra/Inter/Extranet applications for deployment in Java and HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. -- providing an optimized, appropriate weight client. Led by an accomplished management team, SilverStream Software includes founders, executives and developers from some of the software industry's most influential organizations such as Powersoft, Lotus and Watermark watermark: see paper. See digital watermark. . In addition to strong leadership and an award-winning product, the company has assembled a global network of ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. , VAR, consulting and training partners. SilverStream Software http://www.silverstream.com is publicly traded on the NASDAQ national market under the symbol (SSSW) and is based in Burlington, Massachusetts Burlington is a town in Middlesex County, Massachusetts, United States. The population was 22,876 at the 2000 census. History Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. . SilverStream is a registered trademark of SilverStream Software, Inc. All other names are trademarks or registered trademarks of their respective owners. |
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